GDP is unscientific and unfair for poor people.

[Seth Ackerman]

Charles, what makes you think that the "bourgeois media" will cover the
economy any better if you or I stop using the concept of GDP? If the media
want to cover economics badly, they'll do it with or without the NIPA
accounts. By abandoning GDP, you won't enlighten the working class, you'll
just make it harder to understand economics.

Seth

Charles wrote:


> Charles: I am replying to the other part of what you said. The use of GDP
> or its derivative ( "the economy is booming") you analyze is not the one
> that gets featured in the monopoly media.  The people who we are
> discussing being hoodwnked do not on their own or through media
> encouragement use GDP in an analysis like the one you give above. 
> 
> CB